The Talus Network protocol received $6 million in investments as part of a strategic round at a valuation of $150 million. It was led by Polychain Capital.
The following counterparties also provided funds: Foresight Ventures, Animoca, Geek Cartel, and Echo. Business angels also participated in the round, including co-founder of Polygon Labs Sandeep Nailwal, co-founder of Symbolic Capital Kenzie Wang, and others.
In a comment to The Block, the project team stated that the round was opened back in the summer of 2024. However, it was only completed at the end of Q3. As a result, the total funding of the protocol reached $9 million.
The structure of the round is not disclosed by the project team. The funds will primarily be used for further development of the ecosystem, which includes three main products: Polychain infrastructure, tools for creating AI agents Nexus, and the AI Bae application.
